Is 61755, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61755 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 61755 has remained a Neutral Market.

Key Takeaway

61755 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 61755, IL

How much do homes in 61755, IL cost?

Median Sold Price

$225,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+5.1%)

Key Takeaway

Homes in 61755 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 61755 was $225,000 in October 2024, up 5.1% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $158K-
N/A
2 $126.9K$142.5K
+12.2%
3 $222.9K$200K
-10.3%
4 $300K$244.9K
-18.3%
5+ $277.5K-
N/A

Summary: 61755 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61550
+16.1%
61755
+5.1%

Housing Supply in 61755, IL

How many homes are available in 61755, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1812-33.3%

Summary: The 61755 real estate market had 12 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 75
-28.6%
4 74
-42.9%
5+ 11
0.0%

Summary: The 61755 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61755, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 61755 in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 61755, IL

How long does it take to sell a home in 61755, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days8 Days-69.2%

Summary: Homes in 61755 had an average of 8 days on market in Oct 2024, down by 69.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61755 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 61755; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 61755, IL

Nearby Markets to 61755, IL